# Old Second National Bank

> **Canonical URL:** https://saferate.com/lenders/old-second-national-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Old Second National Bank is a bank, headquartered in Aurora, IL, serving borrowers across 11 states, with 213 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 60% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 40% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** B94HV8SXGDD3J5XESU08
- **Headquarters:** Aurora, IL
- **Geographic Reach:** Multi-Region
- **States Served:** 11
- **State List:** AR, FL, IL, IN, KY, MI, MO, NM, OH, TN, WI
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 40/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 60/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.431%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,330
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 213
- **Dollar Volume:** $65 million
- **Applications Received:** 318
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $305,939
- **Average Borrower Income:** $168,638
- **Average Property Value:** $469,178

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 50/100 | 194 | +0.437% | $1,323 | Sound ☺️ |
| FHA | 50/100 | 14 | +0.390% | $1,539 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 125 loans, Score: 45/100 (Sound)
- Refinance: 69 loans, Score: 60/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 47/100 | 142 | $44M | +0.435% | Sound ☺️ |
| Refinance | 59/100 | 71 | $21M | +0.422% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IL | 196 | 0.16% | 75/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Elgin, IL | IL | 116 | 85/100 |
| Chicago | IL | 55 | 62/100 |
| Non |  | 22 | 34/100 |

## Where This Lender Ranks

Old Second National Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#8** in Elgin, IL Banks
  - [View Full Rankings](https://saferate.com/elgin-il/best-mortgage-lenders/banks)
- 🏆 **#8** in Elgin, IL for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/elgin-il/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#13** in Elgin, IL
  - [View Full Rankings](https://saferate.com/elgin-il/best-mortgage-lenders)
- 🏆 **#18** in Elgin, IL for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/elgin-il/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Old Second National Bank offer?

Old Second National Bank offers the following mortgage loan types: FHA, Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Old Second National Bank offer mortgages?

Old Second National Bank offers mortgages in 11 states: AR, FL, IL, IN, KY, MI, MO, NM, OH, TN, WI.

### How competitive are Old Second National Bank's mortgage rates?

Old Second National Bank has a pricing score of 40/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.431% above market average.

### What type of lender is Old Second National Bank?

Old Second National Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Aurora, IL.

### What is Old Second National Bank's loan approval success rate?

Old Second National Bank has a pull-through score of 60/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/old-second-national-bank

### How to Cite

> "Old Second National Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/old-second-national-bank

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